Marine link
 

Last Year

PDVSA's Oil Exports to Asia, Americas Fell in 2014

Venezuelan state oil company PDVSA's exports to Asia and the Americas fell last year though shipments to Europe increased, according to a preliminary government report issued this month.   The OPEC country's Oil Ministry did not explain the overall drop in exports in its report to Parliament, though ebbing oil output at mature fields and refinery problems towards the end of the year are likely to have crimped shipments.   Asia remained PDVSA's top market last year as Venezuela has sought to diversify away from North America, though shipments to Asia clocked a roughly 8.3 percent drop to 953,000 bpd.   Exports to North America fell about 4.8 percent to 837,000 bpd and those to Latin America dropped 8.5 percent to 418,000. European deliveries increased 11.9 percent to 132,000.   Exports to regional allies under favorable terms dropped last year, part of a trend of Venezuela cutting back on such deliveries amid a severe economic crisis at home.   Around 77,000 barrels per day were sent to key ally Cuba, the report said. It did not provide comparative data, but the figure suggests shipments to the Caribbean island have dropped significantly.   Likewise, exports under regional cooperation agreements such as Petrocaribe fell to 101,000 bpd last year from around 122,000 in 2013.  


Adani Ports profit up 16%

Adani & SEZ

  Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced a 16 per cent increase in its consolidated net profit to Rs. 667 crore for the second quarter on increased income from operations. “Consolidated PAT for Q2FY16 increased by 16 per cent to Rs. 667 crores as against Rs. 574 crores in Q2 FY15,” APSEZ spokesman said. It had reported net profit of Rs. 573


Long Beach Cargo Volumes Edge up in May

Photo: Port of Long Beach

Container cargo numbers improved slightly at the Port of Long Beach in May, rising 0.8 percent compared to the same month last year when the docks were still busily catching up after several months of congestion.   With cargo volumes near all-time peak levels, May’s 640,566 TEUs qualified the month as the second-busiest May in the port’s 105-year history.   Imports were up 1 percent to 330,639 TEUs, exports were up 2 percent to 138,594 TEUs


Romanian Yard To Cut Losses Ahead Of Sell-off

State-run Romanian Black Sea shipyard Santierul Naval Constanta expects to cut losses this year and to upgrade facilities to make it more attractive ahead of its sell-off, an official said. "Declining traffic in the Constanta Port last year, mainly due to the Yugoslav conflict, has affected our 1999 results," Dan Mocanu, head of the shipyard's privatization department, said. He said the shipyard had losses of $21.9 million last year, but revived port activity was expected to trim these to $7


Asry Expects Operating Income to Hit $135m

Arab Shipbuilding and Repair Yard Company (Asry) said that it expected net operating income to reach about $135 million by the end of this year, compared to $111 million last year. The board praised the notable improvement in sales and net profit after depreciation till the end of October, which is estimated at $11.5 million, an 88 percent increase over the net profit for the same period last year of $6.1 million.


Gulf Island Earnings Steady

Houma, La.-based Gulf Island Fabrication reported steady earnings and higher revenue recently. The company’s net income during the quarter that ended Sept. 30 was $10m, the same amount it earned for the period one year ago. On a diluted per share basis, Gulf Island earned 70 cents in the recent quarter, compared with 72 cents last year. However, Gulf Island reported revenue for the recent quarter was $124.9m, up from $89.7m last year.


Global Marine Reports Profit Slump

Offshore oil driller Global Marine Inc. announced that first quarter earnings fell sharply compared with the same period of 1999, but showed signs of stabilization after a steady decline in earnings since mid-1998. After a restructuring charge, net income fell to $12.6 million from $36.8 million in the first quarter of 1999. Its earnings were more or less steady with the final quarter of last year. Revenues totaled $204 million compared to $228 million in the comparable period last year


NNS Earnings Per Share Up 26 %

Newport News Shipbuilding reported net earnings of $20 million, or $.58 per diluted share for the third quarter of 1999. Earnings before interest and taxes (EBIT) for the quarter were $47 million, up 9 percent from EBIT of $43 million in the same period last year. NNS posted third quarter revenues of $451 million versus $462 million in the third quarter last year.


China Shipbuilding Profit Jumps

According to a report from Ebeling Heffernan, China Shipbuilding Industry Co. (CSIC), the country’s northern shipbuilding giant, said its net profit last year rose 7.28% to about $246b. Due to a recovery in the Global shipbuilding market and a rise in orders, shipbuilding business has increased business 38.17% from the same period last year, it said.   (SourceL Ebeling Heffernan)


Retail Imports Expected to Drop in February

Containership_Marad.jpg

Import volume at the nation’s major retail container ports is expected to drop 8.4 percent in February from the same time last year as the shipping cycle reaches its slowest month of the year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Ports and distribution centers are getting the break they deserve after the busy holiday season, but it won’t last long


NASSCO Delivers Garden State to APT

The Garden State on sea trials (Photo: General Dynamics NASSCO)

Marking its seventh ship delivery in the span of just over a year, General Dynamics NASSCO has delivered the newly built ECO Class tanker Garden State for American Petroleum Tankers.   Garden State was delivered during a special signing ceremony and is one of three classes of ships


Piracy Drops to 21-year Low, IMB Reports

Graphics: International Maritime Bureau

 Piracy and armed robbery at sea has fallen to its lowest levels since 1995, despite a surge in kidnappings off West Africa, according to a new report from the International Chamber of Commerce’s International Maritime Bureau (IMB).  


Mariners Attend SUNY Maritime for Gap-closing Courses

(Photo: SUNY Maritime College)

More professional mariners than ever are coming to SUNY Maritime College for training and courses to maintain their credentials and endorsements, the college reports.   The increased enrollment is being seen across the industry, as the December 31 deadline approaches to comply with the U.S


Seaborne Transportation - Economy Without Borders

Graph: Clarksons Research

 With seaborne transportation accounting for the vast majority of the world’s international trade, the importance of the shipping industry to the mechanics of the world economy is generally fairly evident, says Clarksons Research.  


Antwerp Port CEO Scoops Baron Title

Eddy Bruyninckx becomes a baron Photo Port of Antwerp

After 25 years as CEO of Antwerp Port Authority, Eddy Bruyninckx has been raised to the nobility by H.M. the king of Belgium with the rank of baron. In Belgium the title of baron or baroness is reserved for those who have made a notable contribution in a particular sector


Rescuers Recover 17 bodies, pick up 1,128 Migrants

An Irish navy ship recovered 17 dead bodies on Thursday when it went to the aid of migrants packed onto a wooden boat off the coast of Libya, Italy's coastguard said, marking another deadly day of attempted sea crossings. The LE James Joyce


CNO Visits Chinese North Sea Fleet

The goal of the engagement is to improve mutual understanding and encourage professional interaction between the two navies. (U.S. Navy Photo by Mass Communication Specialist 1st Class Nathan LairdReleased)

Chief of Naval Operations (CNO) Adm. John Richardson visited Chinese North Sea Fleet headquarters, July 20 to meet with fleet commander Vice Adm. Yuan Yubai. The goal of the five-day trip is to improve mutual understanding and encourage professional interaction between the two navies.


Antwerp Port Inks Iranian Collaboration

Eddy Bruyninckx signed the agreement on behalf of the Antwerp Port Auhority, Saeed Nejad on behalf of the Ports & Maritime Organisation. Photo Antwerp Port

Last week Antwerp Port Authority signed a collaboration agreement with Shahid Rajaee Port Authority which controls the port of Bandar Abbas in Iran.   Bandar Abbas accounts for 90% of the in- and outgoing containers of Iran and for nearly half of the 200 million tonnes of freight handled by


U.S. Ports See Slower Beginning to Shipping Season

Image: FedNav

While U.S. ports have been busy, overall the beginning of the shipping season has been slower than anticipated.   “Although the overall cargo numbers remain down when compared to the same time frame last year, in June we were above the five-year average,” said Betty Sutton


Marseille Mega-ship Initiatives Enter Final Phases

Photo: Port Marseille Fos

The two main construction projects in the Marseille harbor area of leading French port Marseille Fos are nearing completion following a decisive stage in works costing almost €64 million ($70.6 mln) that will cater for mega-ships by enlarging the Passe Nord port entrance and recommissioning


BP's Foreign-Flag ANS Charter Signals Export Intentions

British oil company BP Plc has chartered a foreign-flagged vessel to transport Alaskan crude, the company said on Monday, the latest sign that producers of Alaskan North Slope, or ANS, crude are eyeing new markets. ANS is mostly transported to the U.S. West Coast on U.S


US, Chinese Navies Chiefs: Cooperation Needed

The goal of the engagement is to improve mutual understanding and encourage professional interaction between the two navies. (U.S. Navy Photo by Mass Communication Specialist 1st Class Nathan LairdReleased)

Chief of Naval Operations (CNO) Adm. John Richardson met with People's Liberation Army (Navy) (PLA(N)) Commander Adm. Wu Shengli during professional and social events held July 18 at navy headquarters in Beijing. The goal of the engagement was to improve mutual understanding and encourage


Shipbuilding’s ‘Fatal Attraction’ – A Dramatic Affair?

Graph: Clarksons Research

 Down the years, shipbuilders have always entered and exited the business as cycles have progressed, but over the past decade developments have been dramatic, says Clarksons Research.   Back in 2007, 220 shipyards secured at least one order for a unit of 20,000 dwt or above in size


Somalia Stakeholders Forum Reviews Maritime Code

Photo: International Maritime Organization (IMO)

 ​The revised Somalia Maritime Code is being finalized at a four-day Stakeholders Forum, sponsored by International Maritime Organization (IMO) (Kigali, Rwanda 12-15 July).    The workshop is part of IMO’s ongoing technical assistance to the Federal Government of Somalia and


Imports Climb at Port of Long Beach

Photo: Port of Long Beach

Rising imports fueled higher container traffic at the Port of Long Beach in June, leading to a 3.4 percent overall volume increase over the same month last year, the port reported.   The Port of Long Beach handled 603,339 TEUs (twenty-foot-equivalent units) during the month






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright